Good evening,

Buyout bigwig TPG Capital is homing in on a flagship Australian deal.

The US-based firm is in exclusive talks to acquire bootmaker RM Williams for its new global growth fund, TPG Growth V.

In recent weeks, TPG local boss Joel Thickins is understood to have approached the owner of RM Williams, months after an auction to sell the business was postponed to allow the management to focus on getting it through the COVID-19 pandemic.

TPG is understood to be viewing RM Williams as a regional growth play, and is expected to print the deal in the coming fortnight.

Elsewhere, we take a look at Kiwi-listed EROAD and its pitch to Australian investors, and review Fantastic Furniture’s maiden pitch to fund managers as made on Monday.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors